AgJunction Recruits Bob Barjesteh to Lead Intellectual Property Asset Managemen

AgJunction Recruits Bob Barjesteh to Lead Intellectual Property Asset Management 

HIAWATHA, KS, January 28, 2016 – (TSX: AJX) — AgJunction Inc. announced today that it has named Mr. Bob Barjesteh to the newly formed position of VP Intellectual Property (IP) and General Counsel (U.S.). Mr. Barjesteh was most recently the Managing Director-Chief Legal Officer at ClaroVia Technologies LLC., a specialty intellectual property and corporate transaction advisory firm.  As managing director at ClaroVia, he was responsible for providing advisory services to clients – including Novariant which was acquired by AgJunction in October 2015 – on IP monetization, strategic alliances, M&A and other complex corporate transactions.  

ClaroVia has been a valuable advisor to the Novariant IP team for the past two years and understands the uniqueness of the agriculture market.  In his new role at AgJunction, Mr. Barjesteh will primarily be responsible for inside legal counsel related to IP management and will direct the extensive outside legal and IP teams that have been assembled by AgJunction.

Over the past twenty years Mr. Barjesteh held executive and management positions at ClaroVia, 3M Company, and Arthur Andersen LLC. He has accumulated extensive experience identifying and evaluating business opportunities for technology licensing, strategic alliances and other complex corporate transactions.  He brings to AgJunction the ability to enhance its IP portfolio with original concepts, new strategies, and innovative approaches to business alliance opportunities.

“AgJunction’s intellectual property portfolio is a strategic asset and an area where we continue to invest heavily,” said Dave Vaughn, AgJunction President and CEO. “Bob’s experience at ClaroVia in intellectual property creation and protection along with his prior years of experience at 3M and Arthur Andersen provides AgJunction with the leadership and capabilities to drive the business opportunities presented by this strategic IP asset.” 

About AgJunction

AgJunction (www.agjunction.com) provides innovative hardware and software applications for precision agriculture worldwide. The Company holds more than 140 patents and markets its products and services under leading brand names including Novariant, Outback Guidance® and Satloc®. The Company is headquartered in Hiawatha, Kansas, with facilities in Silicon Valley, Scottsdale, Arizona, Calgary, Winnipeg, and Queensland, Australia.  AgJunction is listed on the Toronto Stock Exchange (TSX) under the symbol “AJX.” For more information, please go to www.agjunction.com.